« previous next »

Author Question: If the demand curve for bottled water shifts leftward and the supply curve of bottled water shifts ... (Read 156 times)

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
on: Jun 29, 2018
If the demand curve for bottled water shifts leftward and the supply curve of bottled water shifts leftward, the equilibrium
 
  A) price of bottled water definitely increases.
  B) price of bottled water definitely decreases.
  C) quantity of bottled water definitely increases.
  D) quantity of bottled water definitely decreases.

Question 2

If the world economy expands so that foreign demand for U.S.-made goods increases, in the short run what will happen to aggregate demand, the price level, and real GDP in the U.S.?
 
  What will be an ideal response?


batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

Net exports increase so U.S. aggregate demand increases. The U.S. price level and real GDP both increase.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
Reply #2 on: Jun 29, 2018
Correct answers!


batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
Claude Monet, Bridge over a Pool of Water Lilies. Claude Monet, Bridge over a Pool of Water Lilies.
5-4 The relationship between vapor pressure and temperature—in this case for water. As the ... 5-4 The relationship between vapor pressure and temperature—in this case for water. As the ...
Hockey stick” curve Hockey stick” curve
Minerals and Water Minerals and Water
Water resources Water resources
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library